As electrified vehicles become a mainstream choice for car makers in UK, it’s likely that their batteries will be produced locally, keeping supply chains short. Over half of the value of a battery is chemicals, presenting the UK chemicals industry with a growth opportunity worth £2.7 billion per year. An E4tech report, released today by UK Advanced Propulsion Centre, for the first time examines this opportunity and UK’s ability to seize it.
Over 50 UK companies are currently supplying or have strong potential to serve the battery industry, with many supplying valuable active materials for anodes, cathodes and electrolytes. This provides a strong foundation deepening the collaboration between the automotive battery and chemicals industries.
The report received a warm welcome today at its launch to the Chemistry Growth Partnership meeting in London, chaired by Steve Foots Chief Executive of Croda, and attended by Richard Harrington MP.
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More information about E4tech’s work in low carbon vehicles and related sectors is found here.